The market for turbo trainers is projected to register at a CAGR of 3.9% from US$ 248.17 Mn in 2022.The turbo trainers market is growing as cycling sports become more popular and are being played by more people. Participants in the turbo trainers market offer a variety of turbo trainers, including direct driver trainers, wheel-on trainers, smart trainers, and others.Turbo trainers have also become a popular training option, especially for cyclists and fitness enthusiasts who live in climate-vulnerable regions.
Due to changing consumer preferences, the demand for fitness and training equipment has significantly increased over the past few years. The demand for turbo trainers is increasing as more and more millennials around the world choose to live healthier lifestyles.Furthermore, turbo trainers have emerged as an ideal training tool, particularly for cyclists and fitness enthusiasts living in climate-sensitive areas. Cycling’s growing popularity as a fitness activity is expected to have a significant impact on the global turbo trainer market during the forecast period.During the forecast period, cycling’s rising acceptance as a fitness activity is anticipated to have a significant impact on the global turbo trainer market.
Key Companies Profiled
- Garmin Ltd.
- Kurt Manufacturing
- Minoura Co. Ltd.
- Nautilus, Inc.
- Technogym SpA
- Wahoo Fitness
- Jetblack Cycling
- Wattbike Ltd.
The Asia-Pacific turbo trainers market is expected to register at a significant CAGR over the forecast period, owing to the growing popularity of indoor sports and fitness training. Some of the key turbo trainers market growth drivers for this area are rising personal disposable income, rapid globalization, westernization, modernization, and an increase in the number of gymnasiums.
The growth of the turbo trainers market in North America can be attributed to a number of factors, including an increase in the number of cyclists, increased popularity of cycling as a fitness activity, increased awareness of the benefits of cycling, and an increase in the number of health and fitness conscious people.
- While the online retail segment is anticipated to have a higher CAGR during the forecast period, the specialty stores segment had a larger revenue share in the v.
- The US, Canada, and Mexico make up the three segments of the North American turbo trainers market.
- One of the best ways to simulate outdoor cycling in the comfort of your own home is through the direct drive turbo trainers segment, which is categorised by product type in the turbo trainers market.
- By application, the market for turbo trainers may offer opportunities in the commercial fitness facilities sector.
The turbo trainers market is dominated by Elite, Garmin Ltd., Kurt Manufacturing, Minoura Co. Ltd., Nautilus, Inc., Saris, Technogym SpA, Wahoo Fitness, Jetblack Cycling, and Wattbike Ltd. These businesses offer a diverse range of market products.
Companies in the turbo trainers market are present in these nations, which offers them profitable chances for expansion. They are developing unique, high-quality items to meet a wide range of customer needs.
For people who are unable to cycle outside due to the ongoing COVID-19 Pandemic, Cyclist and Tacx announced in April 2020 the introduction of a new gravel riding turbo trainer.
A privately held Dutch company called Tacx B.V. designs and produces indoor bike trainers, tools, and accessories as well as indoor training software and applications. In April 2020, Garmin Ltd. completed the strategic acquisition of Tacx B.V.